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April 05, 2012
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April 04, 2012
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April 02, 2012
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March 19, 2012
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March 14, 2012
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March 13, 2012
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February 15, 2012
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February 06, 2012
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January 10, 2012
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Johannesburg, 9 January 2011: The Johannesburg Stock Exchange (JSE) saw 800 platinum option contracts traded on the Safex Commodity Derivative’s Global Market late last week, the first time that the JSE has seen this trading strategy used by market participants.
Chris Sturgess, General Manager of the Commodities Division at the JSE says, “To date the trade has been solely in ...
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December 20, 2011
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Johannesburg, 19 December 2011: Trade on the JSE’s Currency Derivatives market has soared in 2011 as investors reacted to a turbulent world economy, the low spreads that the exchange offers and an increased product offering. Both number of contracts and value traded more than doubled in the year to end-November 2011, relative to the same period in 2010. This follows ...
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December 16, 2011
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Emerging markets now offering high performance direct connectivity Johannesburg and London, 15 December 2011 – The Johannesburg Stock Exchange (JSE) and Fixnetix announced today that the exchange has chosen Fixnetix as the provider of the JSE’s point of presence (PoP) in the UK, giving global investors easier access to the JSEs markets. Initially, access to the JSE’s Equity Market ...
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December 13, 2011
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AltX index outperforms the All Share, small cap and fledgling indices in 2011 Thursday, 8 December 2011: Although showing higher volatility, the AltX index has outperformed the All Share, small cap and the fledgling indices during 2011. Year to date the AltX Index has returned 21.6%, the All Share has returned 2.2%, the small cap index -5.5% and the fledgling index ...
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November 10, 2011
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By Humphrey Borkum, Chairman of JSE Limited The evening of Tuesday 11 October was a milestone in the history of the JSE and our country. On a warm Highveld evening the welcoming ambiance in the JSE reception area was palpable as we greeted delegates to the General Assembly of the World Federation of Exchanges (WFE).
But what touched me most ...
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November 09, 2011
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JOHANNESBURG, 8 NOVEMBER 2011. The Johannesburg Stock Exchange (JSE) wishes to announce that Allan Thomson, previously Director of Equity Derivatives Trading at the JSE, was dismissed from the JSE on Friday 4 November 2011. This followed an investigation into irregular share trading on his own account and, subsequently, a disciplinary process. Graham Smale becomes acting head (along with his existing ...
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October 26, 2011
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The Johannesburg Stock Exchange (JSE) welcomes the indication in the Medium Term Budget Policy Statement 25 October 2011: The Johannesburg Stock Exchange (JSE) welcomes the indication in the Medium Term Budget Policy Statement that local investors will be able to trade in foreign domiciled companies where they were previously restricted by prudential limits and that the exchange will be able ...
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October 13, 2011
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World’s Exchange Leaders Meet in Johannesburg (12 October 2010, Johannesburg) Leaders from more than 60 of the world’s foremost exchanges gathered in Johannesburg, South Africa, this week for the 51st General Assembly and Annual Meeting of the World Federation of Exchanges (WFE), the association of regulated stock, futures, and options exchanges. WFE develops and promotes high regulatory standards ...
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October 13, 2011
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JOHANNESBURG, 12 October 2011 – The exchanges of the BRICS emerging market bloc have announced a joint initiative to expose investors to these dynamic economies. Initially the exchanges, which accounted for over 18%1 of all exchange-listed derivative contractstraded by volume worldwide as of June this year, will cross-list benchmark equity index derivatives on the boards of each of the other ...
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October 05, 2011
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 JSE Black Ownership Analysis Presentation JOHANNESBURG, 4TH October 2011 -Black South Africans hold at least 17% of the Top 100 Companies listed on the Johannesburg Stock Exchange, with 32% of the shares of these companies still to assess, says Trevor Chandler of Chandler & Associates, who headed the research team appointed by the JSE.
The 17% includes 8% held ...
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September 20, 2011
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By Humphrey Borkum, Chairman of JSE Limited. As the JSE prepares to host the 51st general assembly and annual meeting of the World Federation of Exchanges (WFE) in Johannesburg next month, South Africa can be proud of the status and quality of the financial institution that will welcome the delegates.
In the latest Global Competitiveness Report of the World Economic ...
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September 09, 2011
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Johannesburg, 8 September 2011 – The latest World Economic Forum (WEF) Global Competitiveness report ranks South Africa first out of 142 countries for its regulation of securities exchanges. This is the second successive year that South Africa has achieved this ranking and, together with several other elements of the report, suggests that the country’s exchange is a sound environment in ...
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September 09, 2011
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Johannesburg, 8 September 2011 – The latest World Economic Forum (WEF) Global Competitiveness report ranks South Africa first out of 142 countries for its regulation of securities exchanges. This is the second successive year that South Africa has achieved this ranking and, together with several other elements of the report, suggests that the country’s exchange is a sound environment in ...
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August 25, 2011
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Johannesburg, 24 August 2011: Further to our communication issued yesterday, 23 August, regarding yesterday’s half an hour halt to trading on the JSE’s equity market, MTN (the JSE’s international links service provider) has indicated that the cause of the loss of connectivity was due to multiple link flaps occurring between 15h32 and 15h41 on the primary telecommunications link over ...
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August 24, 2011
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Johannesburg, 23 August 2011: The Johannesburg Stock Exchange (JSE) halted its Equity Market at 15:47 today for half an hour as the JSE lost connectivity on its international links to the trading system at the London Stock Exchange.
The JSE is working with its service provider on the cause of the connectivity issues and resumed trading at 16h20.
The ...
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August 17, 2011
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JOHANNESBURG, 16 AUGUST 2011. A 7% increase in revenue combined with controlled operating costs led the JSE Limited, the company that operates the local bourse, to report a 22% increase in net profit after tax to R253.8 million (H1: R207.6 million). The Group declared a special dividend of 210c/share.
“All divisions of the JSE reported an increase in revenue ...
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August 12, 2011
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11 Aug 2011: The Johannesburg Stock Exchange (JSE) has partnered with the South African Reserve Bank (SARB), the Financial Planning Institute (FPI), the South African Savings Institute and the National Credit Regulator (NCR) to improve financial literacy amongst South Africa’s youth. National Youth Financial Literacy Day, to be held annually, follows last month’s national savings month and forms part of ...
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August 11, 2011
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JOHANNESBURG, 10 August 2011 – Latest Johannesburg Stock Exchange (JSE) trading figures indicate that a record number of trades were executed on the exchange today. The new trading record of 230,797 trades is valued at more than R29 billion.
The JSE FTSE All Share index rose 267 points to close at 28,658.
The record breaks the previous trading record of ...
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July 29, 2011
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Johannesburg 28th July - Following two extensive meetings of the JSE Agricultural Advisory Committee which consists of various agricultural market organisations and commodity derivative members, the majority of participants confirmed their support for the trading of futures contracts referencing the price in a single delivery point which implies the use of location differentials to each registered delivery point.
The reason ...
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July 20, 2011
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19 July 2011 - The Johannesburg Stock Exchange (JSE) reopened its Equities Market at 16:15 today after the exchange had halted the market 34 minutes previously, at 15:41. The market had been halted in order for the exchange’s technology team to isolate the cause of technical issues hampering trade. Following this investigation, external service provider MTN made an adjustment which ...
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July 20, 2011
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19 July 2011 - The Johannesburg Stock Exchange (JSE) halted its Equity Market at 15:41 today in order for the exchange’s technology team to isolate the cause of technical issues hampering trade. Issues relate to the international links provided by an external service provider between the exchange and the London Stock Exchange, which operates the JSE’s equities trading platform.
The ...
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July 19, 2011
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Johannesburg 18th July - The Johannesburg Stock Exchange (JSE) today hosts British Prime Minister David Cameron, SA Finance Minister Pravin Gordhan, and a high level government and business delegation from both countries. PM Cameron and Minister Gordhan will be joined by leading entrepreneur Dr Precious Motsepe for a panel discussion on the growing world awareness that Africa is open for ...
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July 06, 2011
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July 5 2011 at 05:00am
By Humphrey Borkum
In all my columns to date I have always focused on the JSE and related matters. However, Bobby Godsell has scolded business leaders for being too quiet over the ANC Youth League’s nationalisation plans, so I will use this column to address the issue. I have known Bobby for over 30 years ...
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July 06, 2011
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JOHANNESBURG, 5 July 2011 – Today Johannesburg Stock Exchange (JSE) announced its plans to introduce a foreign-referenced wheat contract to the portfolio of commodities it offers under licence from the CME Group. The new contract, based on soft red winter wheat of the Chicago Board of Trade, a different quality standard to the South African produced wheat, provides local market ...
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June 15, 2011
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Johannesburg, 14 June 2011:
In a move to offer currency traders greater choice and flexibility, the Johannesburg Stock Exchange (JSE) and Absa Capital have listed the first exotic style currency options contracts.
The two new options are based on the dollar/rand exchange rate and are Knock-Out Barrier Options Up-and-Out and Down-and-Out. They offer asset manager and hedge fund participants an ...
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May 26, 2011
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By Humphrey Borkum, Chairman of JSE Limited With gold reaching all time highs of over $1500 per ounce I was given to musing how the discovery of gold on the Witwatersrand and the development of those mines through joint stock company trading led to South Africa becoming the most prosperous country on the African continent. However in the gold rush ...
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May 24, 2011
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Johannesburg/London, 23 May 2011: SuperDerivatives (SD), the derivatives benchmark and multi-asset front office system, announced today that it will provide the market data to power the Johannesburg Stock Exchange’s (JSE) new exotic currency options offering, namely the ‘any-day expiry’ contracts.
In response to growing demand from a number of South African banks, the JSE will be launching a set ...
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May 12, 2011
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JOHANNESBURG, 11 MAY 2011. The JSE’s implementation of a single trading rule book for its interest rate market is a major step forward in the development of South Africa’s interest rate market encompassing cash bonds, bond repos and interest rate derivatives. This rule book, combined with the new Debt Listings Requirements that went live on 31st March greatly simplifies ...
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May 11, 2011
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Johannesburg, 9 May 2011 – In a move designed to bring much needed transparency to the unregulated hedge fund industry, the Johannesburg Stock Exchange Ltd (JSE) announced today that it has acquired Momentum’s Managed Account Platform (MAP) after receiving approval for the transaction from the Competition Commission. This risk management tool, which offers hedge fund investors greater protection by segregating ...
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March 31, 2011
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Change of guard ready to lead JSE to further success by Humphrey Borkum, Chairman of JSE Limited The recent year end results of the JSE to the end December 2010 were overshadowed by Russell Loubser announcing that he was standing down as CEO of the JSE at the end of the year. This was a sad moment for ...
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March 16, 2011
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JOHANNESBURG, 15 MARCH 2011. JSE Limited experienced a fair year in challenging conditions in 2010, driven by strong performances from the cash equity market, information products sales and commodity derivatives. Group revenues climbed by 9% to R1,255 million (2009: R1,156 million) in a year of focus on operational projects and responding to changes in the global exchange industry.
“The ...
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March 15, 2011
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JOHANNESBURG, 14 MARCH 2011. The JSE is making its currency derivative market more attractive and competitive by providing incentives for larger currency deals and greater trading flexibility for investors. The measures include changes to the fee structure and the launch of new trading strategies.
The JSE’s currency derivatives market was first established in 2007. Since then, twenty million contracts worth ...
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March 03, 2011
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JOHANNESBURG, 2 March 2011. The JSE has launched a new initiative on the foreign currency contracts, namely the “Any Day Expiry”. These new currency derivative contracts broaden the exchange’s existing range of currency futures and options contracts and allow investors the flexibility to pick the expiry date of the contract.
The introduction of this new currency product is in ...
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February 24, 2011
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Johannesburg, 23 February 2011 – The Johannesburg Stock Exchange (JSE) is pleased to note today’s announcement of Treasury’s move to finalise the prudential regulatory framework for the regulation of foreign exposure for institutional investors. The announcement was part of today’s Budget speech given in Parliament by Finance Minister Pravin Gordhan.
While Treasury has indicated that it intends to consult on ...
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February 24, 2011
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JOHANNESBURG, 21 FEBRUARY 2011 – The JSE continues to raise the bar in the regulation of its equity derivatives market with increased trades being driven on-screen. Already, a portion of the trade in the JSE’s most liquid equity derivatives must occur on-screen. Last week, in a bid to improve transparency and deepen the market, the on-screen rules were applied to ...
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February 17, 2011
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Johannesburg, 16 February 2010 – South African market securities regulation, already judged the best in the world, is to improve further this year owing to the JSE’s decision to monitor proactively the financial statements of all listed companies, in a bid to pick up any non-compliance with globally recognised International Financial Reporting Standards (IFRS). This means that all company results ...
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February 04, 2011
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Johannesburg and Colombo 3 February 2011 – Today the Johannesburg Stock Exchange (JSE) announced that it has concluded a licensing agreement with technology solutions provider MillenniumIT to move its equity market trading activity onto Millennium Exchange™. The migration is planned for the first half of 2012 and it is expected that JSE members will benefit from executing transactions almost 400 ...
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January 26, 2011
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The year 2010 will be remembered for its increased global uncertainty and additional focus on the regulation of financial markets. However the JSE equity market has fared positively on several fronts.
The FTSE/JSE All Share Index (ALSI) rose 13.86% from December 2009 to December 2010, reaching a high of 32,210 towards the end of December 2010.
For 2010, daily average ...
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January 19, 2011
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The JSE traded 2, 1 million commodity derivative contracts in 2010, a jump of 12% on the previous year, and a shade below the record 2, 5 million contracts traded in 2008.
White maize accounted for 46% of all grains traded on the Commodity Derivatives market, a division of the JSE. Wheat accounted for 27% of all grains traded and ...
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December 21, 2010
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With the festive season upon us, many South Africans are in line to receive an annual bonus. Instead of a flurry of spending, some people choose to allocate a portion of this extra money to investing.
We spoke to six South Africans, all under the age of 40, who have invested on the JSE. They account how they began, their ...
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December 01, 2010
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By Humphrey Borkum, Chairman of JSE Limited
How quickly we forget. In October 2008 global banking and financial systems collapsed as a result of the US mortgage crisis. Stock exchanges around the world lived through terrifying times of financial paralysis. Globally we faced an economic depression on a scale greater than that of the early 1930’s. The grim expectation was ...
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October 26, 2010
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Johannesburg, 25th October 2010 - A new type of investment instrument offered by the JSE is attracting increased interest from traders on the exchange. Variance futures are exotic (or complex) derivatives allowing investors to profit from volatility in the market or a portfolio, or to insure against it. These instruments are particularly useful at times when analysts anticipate increased movement ...
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September 29, 2010
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By Humphrey Borkum, Chairman of JSE Limited
As South Africa is a daily player in global markets I always look forward to reading the World Economic Forum’s annual Global Competitiveness Report. This is the real World Cup where South Africa Inc competes with 138 other countries across a wide range of criteria. The comparison is not merely against developing countries ...
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September 14, 2010
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Johannesburg, 13 September 2010 – The Latest World Economic Forum (WEF) Competiveness report ranks South Africa 1st out of 139 countries in for its regulation of securities exchanges. This year South Africa moves up from 2nd place overtaking Sweden for the top position.
“We are very pleased with this achievement, which acknowledges the JSE’s record in terms of regulation and ...
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September 02, 2010
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JOHANNESBURG, 1 SEPTEMBER 2010 – Today the Johannesburg Stock Exchange (JSE) released its first findings on the ownership composition of companies listed on the JSE. According to the independent study, black South African investors currently own 18% of the available share capital in the top 100 companies listed on the exchange. The available capital has been calculated according to requirements ...
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August 18, 2010
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JOHANNESBURG, 17 AUGUST 2010. The 14.5% increase in revenue combined with controlled operating costs led the JSE Limited, the company that operates the Johannesburg Stock Exchange, to report a 13.1% increase in net profit after tax to R207.6m (H1 2009: R183.5m).
“These results come at a time of increased competition in the global exchange industry, the growing success of ...
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August 10, 2010
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By Humphrey Borkum, Chairman of JSE Limited There has been much pontification in the media on the legacy of the World Cup soccer tournament. One lesson that I believe we have learnt from bringing in the stadia and the Gautrain on time was that government, in tandum with the private sector, is capable of successfully undertaking huge construction and infrastructure ...
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August 05, 2010
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JOHANNESBURG, 5 August 2010 – Today the Johannesburg Stock Exchange (JSE) announced that it has extended its existing licensing agreement with CME Group, the world’s leading and most diverse derivatives exchange, to list rand-denominated copper and silver futures contracts. This latest development gives South African investors further exposure to the international metals market.
While listed on the JSE’s Commodity Derivatives ...
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July 20, 2010
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JOHANNESBURG, 19 July 2010 – JSE trading statistics for June 2010 show that the number of cash equity trades during the first six months of 2010 year is up 22.44% on the same period in 2009 (2010:12.2 million; 2009: 10.0 million). The value of equities trades conducted on the exchange is also up 17.11% year-on-year (2010: R1, 5 billion; 2009: ...
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July 14, 2010
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Johannesburg, 14 July 2010 – Today, Australian miner Resource Generation Limited comes one step closer to developing its Boikarabelo project by listing on the Johannesburg Stock Exchange (JSE). This will enable the company to raise capital in South Africa and ensure that local investors will benefit from the large-scale mining project.
Paul Jury, Managing Director of Resource Generation Limited, which ...
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July 13, 2010
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JOHANNESBURG 12 JULY 2010 - The JSE experienced a technical issue with the exchange's international connectivity to London for its equity market today The JSE’s international connectivity links, which are provided by MTN Business, were operational during this period. However issues were experienced with the public market data flowing on these links. The JSE and MTN Business are together working ...
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July 07, 2010
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Johannesburg, 6th July 2010 - The JSE has cut trading fees to zero on Single Stock Futures and Options traded through the exchange’s central order book. The Equity Derivative market’s new billing model, which is the result of extensive consultation with market participants, advisory bodies and regulators, came into effect this Monday the 5 July 2010. The model is aimed ...
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July 06, 2010
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Monday, 5 July 2010: Aviation group, 1time holdings Limited, is today transferring its listing from AltX to the Johannesburg Stock Exchange’s Main Board Travel and Leisure sector. The group originally listed on AltX on 14 August 2007. Russell Loubser, JSE CEO comments that, “The transfer of 1time to the JSE Main Board is another indication that AltX is fulfilling what ...
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July 02, 2010
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JOHANNESBURG, 1 July 2010 – Today the Johannesburg Stock Exchange (JSE) and global index provider FTSE Group (FTSE) announce the launch of the FTSE/JSE Equally Weighted Top 40 Index. The new index adds to the existing FTSE JSE Index Series, providing an alternative to indices constructed according to the market values of the companies (or market capitalisation weightings). It is ...
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June 21, 2010
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JOHANNESBURG, 20 June 2010 – JSE trading statistics for May 2010 show that the number of cash equity trades that took place during the first five months of this year is up 23.9% on the same period in 2009 (2010:10.1 million; 2009: 8.2 million).
Last month, three new trading records were set on the exchange as global uncertainty and volatility ...
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May 27, 2010
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By Humphrey Borkum, Chairman of the JSE Limited Bond markets are regarded by many people as dark, secret places full of strange alchemy. They remember that it was the mortgage bond debacle in the US in 2008 that brought on the recession and led the world to the brink of financial collapse. A bond is simply a long term loan. ...
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May 19, 2010
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Number of Trades on JSE Equities Market up by 18.17% Demand for Interest Rate Derivatives grows JOHANNESBURG, 18 May 2010 – JSE trading statistics for April show that the number of trades on the JSE equities market for 2010 is up 18.17% year-on-year (2010: 7,625,903; 2009: 6,453,175). The number of trades recorded in April 2010 is 1,924,167 valued at more ...
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May 13, 2010
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JOHANNESBURG and CHICAGO, 13 MAY 2010 –The JSE is to introduce cash-settled soybean, soymeal and soybean oil derivative contracts based on CBOT settlement prices licensed from CME Group, the world’s largest and most diverse derivatives marketplace. The new products will allow local farmers, processors and importers to hedge their price risk against the international benchmarks. These contracts will be ...
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May 11, 2010
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JOHANNESBURG, 10 May 2010 – Latest JSE trading figures indicate that a record number of trades were executed on the exchange this past Friday (07/05/10). The new trading record of one hundred and eighty nine thousand two hundred and fifty three trades (189,253) trades is valued at more than R30 billion. This record breaks the previous trading record also ...
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August 20, 2009
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Stakeholders are advised that the earnings per share of the JSE Limited Group (“Group”) for the six months ended 30 June 2008 (“the period”) are expected to be between 319% and 329% higher than the comparative period’s 47.7 cents per share and headline earnings per share are expected to be between 409% and 419% higher than the 38.7 cents per ...
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August 20, 2009
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Further to the cautionary announcement dated 17 November 2008, shareholders are advised that the Boards of the Bond Exchange of South Africa Limited (BESA) and the JSE are in discussions regarding both the offer consideration for each BESA share and the structure of the JSE`s offer.
As soon as the discussions have been finalised, the JSE and BESA will make ...
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June 21, 2009
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Paris, 21 April 2009 – Today, at the international TradeTech Europe exhibition held in Paris, the Johannesburg Stock Exchange (JSE) announced that it will be adopting FIX, the internationally recognized messaging system used by brokers world wide, across all the JSE Markets. FIX, which is short for Financial Information Exchange Protocol, is the industry standard for banks, broker-dealers, exchanges, institutional ...
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June 18, 2009
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JOHANNESBURG, 18 June 2009 – Today’s equity trading figures reveal 332 336 931 in volume of trades. The value of these trades is more than R12 billion. "This increased activity is due to yesterday's equity futures close-out as traders closed out their positions and purchased the underlying shares,” comments Allan Thomson, Head of Derivatives Trading at the JSE. “Futures close-outs ...
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June 09, 2009
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JOINT ANNOUNCEMENT BY BESA AND THE JSE RELATING TO THE SANCTIONING OF THE SCHEME OF ARRANGEMENT AND THE SCHEME OF ARRANGEMENT BECOMING UNCONDITIONAL Shareholders are referred to the circular to BESA shareholders, dated 20 January 2009 (“the Circular”), regarding the scheme of arrangement proposed by the JSE between BESA and its shareholders (“the Scheme”). All regulatory approvals required for the ...
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June 03, 2009
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JOINT ANNOUNCEMENT BY BESA AND THE JSE RELATING TO APPROVAL OF SCHEME OF ARRANGEMENT BY COMPETITION AUTHORITIES
Shareholders are referred to the circular to BESA shareholders, dated 20 January 2009 (“the Circular”), regarding the scheme of arrangement proposed by the JSE between BESA and its shareholders in terms of which the JSE would acquire the entire issued share capital of ...
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May 18, 2009
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JOHANNESBURG, 18 MAY 2009 – Latest JSE trading figures reveal that the Chicago Board of Trade (CBOT) corn futures contract launched this January has been widely adopted by local and international traders and maize producers. Launched in collaboration with the CME Group, the contract gives local agricultural participants a price risk management tool through the exposure to the US corn ...
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April 22, 2009
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Paris, 22 April 2009 – Today, the Johannesburg Stock Exchange (JSE) revealed that the number of trades for Q1 2009 at the South African bourse had increased by 24% relative to Q1 2008. Data from March 2009 showed that trades were up by a substantial 54% from March 2008. “This is contrary to trends where some overseas exchanges are experiencing ...
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April 11, 2009
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Johannesburg, 11 March 2009 – The FTSE/JSE Advisory Committee met today to conclude the quarterly index review of the FTSE/JSE Indices. “Each quarter the JSE together with FTSE conduct a very through analysis of the constituents of the index in accordance with the rules of that particular index,” comments Jannie Immelman, Senior GM: Information Services, at the JSE. “This process ...
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April 03, 2009
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The Johannesburg Stock Exchange will present its results for the 2008 financial year on Tuesday 10 March 2009 at 18:00 South African time (GMT + 2). If you are unable to attend, you are invited to view the event by webcast. Please register or log on here. Conference call facilities are also available. Please dial the following numbers:
South ...
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April 01, 2009
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The JSE Magazine, the corporate magazine for JSE listed companies and the brokerage community, recently walked away with top honours at the recent PICA Awards for the best magazine in the Finance and Other Professional Services category. “We are very pleased with this accolade - We are privileged to work for a dynamic and fast-paced organisation and this magazine ...
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March 30, 2009
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Tuesday, 31 March 2009: Investor behaviour in a bear market is predictable, risk aversion and the ‘flight to safety’ mindset causes investors to flee emerging markets for the perceived relative safety of developed economy government bonds, and with reference to equity markets, they exit small cap shares for the so-called ‘blue chips’. “In this particular bear market, investors, in their ...
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March 19, 2009
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JOHANNESBURG, 19 March 2009 – Today’s latest figures show record volumes of trades on the JSE. This can be attributed to today’s futures close¬out which accounted for approximately … percent of the activity on the exchange. The figures reveal …………… number of trades breaking the previous trading record from the 18th of September 2008 of 128 308 trades. The value ...
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March 09, 2009
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Johannesburg 9 March 2009 – Today JSE Limited released a set of results that reflect the resilience of the exchange despite unprecedented tests facing all stock markets in 2008 which included increased volatility, declining investor sentiment and increased volumes. Revenues at the JSE rose by 22% to R1 072 million compared to R877 million in 2007 while net cash ...
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March 09, 2009
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Listings
As is to be expected in turbulent markets, the number of listings on the JSE declined in 2008 over the previous year; 23 companies joined the boards (2007: 63). However some of the new listings are substantial and one, British American Tobacco (BAT), is now the largest JSE-listed company in terms of market capitalisation. Equities Trading
In 2008, the ...
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February 23, 2009
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Stakeholders are advised that the earnings per share ("EPS") of the JSE Limited Group ("Group") for the year ended 31 December 2008 ("the period") are expected to be between 43% and 53% higher than the previous year`s 321.3 cents per share and headline earnings per share ("HEPS") are expected to be between 60% and 70% higher than the previous year`s ...
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February 06, 2009
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6 February 2009 – Shareholders of the Bond Exchange of South Africa Limited (BESA) have voted in favour of the proposed scheme of arrangement put forward by the JSE Limited (JSE) on 10 December 2008 to acquire 100% ownership in BESA. The proposed merger of the respective exchanges was ratified at a shareholder scheme meeting this morning, with 100% of ...
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January 28, 2009
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JOHANNESBURG, 28 January 2009 - Today, JSE’s Agricultural Products Department announced that the first US corn futures contract launched in collaboration with the Chicago Mercantile Exchange (CME) has already attracted 175 contracts trades.
The trades occurred during a three hour trading session, representing an incredible 17 500 tons of maize. “The market has greatly anticipated this development, ...
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January 27, 2009
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CHICAGO and JOHANNESBURG, January 27, 2009 – CME Group, the world’s largest and most diverse derivatives exchange, today announced that they have signed an agreement with the JSE Ltd to license CME Group’s benchmark corn futures settlement prices to create a new JSE cash-settled corn futures contract. The contracts will be listed, traded and settled by the JSE’s Safex ...
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December 11, 2008
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JOHANNESBURG, Wednesday 11 December 2008 – Following on today’s ICA announcement, the JSE revealed a change to the FTSE/JSE Top 40 Index of blue chip companies. Companies Growthpoint Properties and Pick ‘n Pay will now be included in the index replacing Murray & Roberts and Aveng. All changes relating to constituents, sectors, free float and shares in issue ...
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November 26, 2008
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JOHANNESBURG, 26 November 2008 – Today, the JSE announced the new constituents of the Socially Responsible Investment (SRI) Index which assesses the environmental, social and economic sustainability practices and corporate governance of listed companies, at an awards ceremony held at the bourse.
This year 61 companies succeeded in becoming index constituents out of the 105 companies reviewed. The number of ...
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November 17, 2008
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Shareholders are referred to the JSE`s announcement of 27 October 2008 in which the JSE announced a firm intention to make a conditional offer to acquire the entire issued ordinary share capital of the Bond Exchange of South Africa Limited. Shareholders are advised that the JSE is in discussions which may result in an increase in the offer consideration. Accordingly, ...
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November 04, 2008
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JOHANNESBURG, 4 NOVEMBER 2008 – Today the JSE together with Deutsche Bank launched the much-anticipated International Derivatives (IDX) an investment avenue that allows all South African investors to trade single stock futures on 21 top European stocks. These 21 companies are selected from both the FTSE 100 and DJ Eurostoxx 50 and include top multi-nationals such as Nokia, LVMH ...
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November 04, 2008
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JOHANNESBURG, 4 NOVEMBER 2008 – Today, for the first time, South Africans can trade Single Stock Futures on internationally listed companies. The JSE together with Deutsche Bank AG London launched International Derivatives (IDX), an exciting new asset class allowing all South African investors the opportunity to gain exposure to 21 top European stocks. Deutsche Bank will provide ...
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November 03, 2008
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Monday, 3 November 2008: AltX at the Johannesburg Stock Exchange completed its first BEE showcase last week. According to Lauren Czepek, who is responsible for AltX and manager of Business Development, “Some of our listed companies wanted to be introduced to empowerment investment companies that would be interested in taking up shares in their business. They wanted to place funds ...
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October 27, 2008
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The JSE Ltd (“JSE”) has announced today that following discussions with a number of shareholders of the Bond Exchange of South Africa Limited (“BESA”), it has made a conditional offer to acquire the entire ordinary share capital of BESA for R90 per share which is a premium of 106% to the NAV per BESA share excluding the BESA Guarantee Fund ...
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October 20, 2008
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JOHANNESBURG, MONDAY 20 OCTOBER 2008. - Today, the JSE’s Agricultural Products Market (APD) welcomed a new derivatives trading platform. This new technology would allow for greater functionality and increased automation, especially as regards the delivery process for deliveries in completion of a futures contract. “We are very pleased with the new platform and the possibilities for new ...
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October 20, 2008
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JOHANNESBURG, MONDAY 20 OCTOBER 2008. - Today, the JSE’s Agricultural Products Market (APD) welcomed a new derivatives trading platform. This new technology would allow for greater functionality and increased automation, especially as regards the delivery process for deliveries in completion of a futures contract. “We are very pleased with the new platform and the possibilities for new ...
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October 06, 2008
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JOHANNESBURG, 6 October 2008. - Today, property developer Calgro M3 tapped into their R300 million Yield-X listed debt programme with the listing of their second commercial paper worth R45 million. This short-dated commercial paper has a three month term and has already been taken up by institutional investors. “Like their first commercial paper, this new paper with its ...
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October 01, 2008
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Calgro M3, a property developer, has tapped into its R300 million Yield-X listed debt programme with the listing of its second commerical paper worth R45 million. This commercial paper has a three-month term, and has already been taken up by intitutional investors.
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September 22, 2008
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JOHANNESBURG, Monday September 22 2008 – The JSE was recently ranked the 10th largest derivatives exchange in the world by the Futures Industry Association (FIA) by the number of contracts traded. This ranking, published in a recent survey by Futures Industry the official international publication of the FIA, reveals that the JSE traded over 216 million ...
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September 22, 2008
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JOHANNESBURG, Monday 22nd September 2008 – Local brokerage firm Dealstream has been placed under management by its clearing member Rand Merchant Bank. This latest move is in accordance with the JSE’s rules. Dealstream was unable to meet its obligations to its clearing member Rand Merchant Bank due to a few key clients defaulting. Dealstream is one of South ...
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September 17, 2008
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JOHANNESBURG, September 17 2008 – The JSE was recently ranked the 10th largest derivatives exchange in the world by the Futures Industry Association (FIA) by the number of contracts traded. This ranking, published in a recent survey by Futures Industry the official international publication of the FIA, reveals that the JSE traded over 216 million contracts ...
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September 15, 2008
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JOHANNESBURG, 15 SEPTEMBER 2008. Today Yield-X launched the much-anticipated currency options. The first contract will initially be based on the rand-dollar with other contracts to be requested from the relevant Market Markers. This new investment avenue compliments the existing currency futures market and is sure to increase both trading volumes and liquidity in the local currency market....
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September 01, 2008
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1 SEPTEMBER 2008. The JSE has introduced a sliding scale fee system for currency futures and a cap on fees for high volume contracts in a bid to lure larger currency future contracts on to the exchange.
The new fee structure decreases fees across contracts larger than 1000 – ranging from a 15% reduction for contracts over 1000 to ...
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August 25, 2008
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JOHANNESBURG, 25 AUGUST 2008. -- Today, Alt-X listed company Calgro M3 listed a R300m debt programme on Yield-X, the JSE’s interest rate exchange. The programme is not only cost effective but gives the company the flexibility to have multiple issuances with different debt instruments and different tenures when and where it suits them. Initially, Calgro M3 will be raising ...
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August 18, 2008
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Today, the JSE’s long-awaited new equity derivatives trading system went live. The new system will be particularly appealing to brokers, fund managers, market makers and other institutional investors as it brings with it new functionality and thus greater flexibility.
“It has taken the JSE longer than anticipated to get the new system implemented. However, since this was a total replacement ...
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August 01, 2008
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JOHANNESBURG, AUGUST 2008. The JSE has introduced a sliding scale fee system for currency futures as well as fees being capped for significant volume contracts. Both measures are designed to lure larger currency future contracts on to the exchange, and compete against the traditional OTC (over the counter) FEC’s (Forward Exchange Contracts). The new fee structure decreases ...
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July 29, 2008
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JOHANNESBURG, 29 JULY 2008. – Over 100 companies comprising approximately 85% of the JSE’s market capitalisation will be automatically assessed for the 2008 Socially Responsible Investment (SRI) Index review, said the JSE today (at the commencement of the review). The automatic universe has been expanded to include the Top 40 and Mid-cap constituents of the FTSE/JSE All Share Index ...
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July 23, 2008
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JOHANNESBURG, July 23 2008 – The JSE has listed and begun trading on the first ever Variance Future on the exchange. With increasing demand for this type of financial instrument, this listing could be the forerunner of a new asset class at the JSE. A Variance Future is a complex derivative instrument used by asset managers, fund managers ...
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July 18, 2008
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JOHANNESBURG, 17 July, 17h45 – The JSE experienced incredible trading volumes today with the number of trades reaching 116 740 – the second highest in the history of the stock exchange.
The previous record of 119 971 was set on the 20th of March 2008 and was largely attributed to an exceptionally successful futures close-out. “Today’s figures were not ...
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July 18, 2008
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Stakeholders are advised that the earnings per share of the JSE Limited Group (“Group”) for the six months ended 30 June 2008 (“the period”) are expected to be between 319% and 329% higher than the comparative period’s 47.7 cents per share and headline earnings per share are expected to be between 409% and 419% higher than the 38.7 cents per ...
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July 09, 2008
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09 July: Poynting Holdings Limited listed on AltX today. Poynting is a leading antenna design and manufacturing company within the wireless telecommunications industry, supplying antennas to commercial, defence and specialised customers. “We are excited to be listed, wireless telecommunications is a growing market and this is creating an ongoing demand for our products,” says CEO Andre Fourie. He ...
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July 08, 2008
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JOHANNESBURG, 8 July 2008 – Following strong growth in transactions on the equities market for the first six months of 2008 compared to the first 6 months of 2007, the JSE Limited (JSE) today announced that it would be reducing the trading fees on the equities market by 7.5% with effect from to 1 July 2008. A trade on the ...
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June 17, 2008
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JOHANNESBURG, 17 JUNE 2008. At the futures closeout on Friday (13 June 2008), 80 719 currency futures (CFs) contracts with a value of R736,921,745 were traded on the JSE’s interest rate exchange, Yield-X, thus setting a new milestone with over R10bn worth of currency futures being traded in just under one year.
Since the launch of CFs on the 18th ...
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June 03, 2008
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JOHANNESBURG, 3 JUNE 2008. Today, the JSE listed a MINI FTSE/JSE Top 40 futures contract which now allows retail investors to invest in a future or option on the future on the ALSI Top 40 Index. This contract will be known as the ALMI.
“The existing ALSI Top 40 futures contract is valued at approximately R300 000, which is out ...
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May 19, 2008
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JOHANNESBURG, Monday 19 May - The JSE in partnership with FTSE recently introduced the RAFI All Share Index. This is the second in the series of non-market cap-weighted index for the RAFI Series in the South African market. This new addition to the FTSE/JSE Africa index family is sure to attract great interest from investors and lead to a ...
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May 06, 2008
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JOHANNESBURG, 6 May 2008. – From tomorrow (7 May 2008), investors will be able to trade Australian Dollar/Rand Currency futures contracts on Yield-X, the JSE’s interest rate exchange.
This is the fourth currency futures contract to be launched on Yield-X within a year and follows the successful launch of the Dollar/Rand, Sterling/Rand and Euro/Rand currency futures contracts.
Currency futures are ...
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April 18, 2008
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JOHANNESBURG, Friday 18 April 2008. – Today the JSE honoured companies that have been listed on the exchange for over 40 years in a lunch held at the bourse.
“The exchange has operated for 121 years and throughout this time has formed solid relationships with several prestigious organisations,” comments Russell Loubser, CEO of the JSE. “We are very proud to ...
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April 08, 2008
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LONDON, Tuesday 8 April. – Last night, the JSE Ltd took top honours in the New Contract of the Year category in the second annual Futures & Options (FOW) Awards held in London. The JSE received the award for the Can Do Option Contracts which the JSE has developed.
The prestigious awards are organised by global derivatives magazine FOW ...
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March 24, 2008
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JOHANNESBURG, 24 MARCH 2008. – The JSE set a new trading record of 119 548 trades on Thursday, 20th March 2008. This follows an exceptionally successful futures closeout on Thursday which contributed to the record trading. “Once again, this reaffirms our position as the number one market for Single Stock Futures in the world,” said Russell Loubser, CEO ...
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March 13, 2008
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Johannesburg, 13 March 2008: - African Bank Investments (ABL) has moved into the FTSE/JSE Top 40 index, replacing Imperial Holdings Ltd (IPL), the FTSE/JSE Advisory Committee announced today after meeting to approve quarterly changes to the FTSE/JSE All Africa Index series. All changes relating to constituents, sectors, free float and shares in issue will be applied after ...
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February 25, 2008
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JOHANNESBURG, 25 FEBRUARY 2008. – In a first for South African corporates, these organisations will from the 3rd of March be able to hedge their currency risk by trading currency futures on the JSE’s interest rate exchange, Yield-X. Minister of Finance, Trevor Manuel announced the opening of this market to corporates during his National Budget address on the 20th ...
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February 18, 2008
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Stakeholders are advised that the earnings per share of the JSE Limited Group ('Group') for the year ended 31 December 2007 (?the period?) are expected to be between 84% and 104% higher than the previous year?s 168.0 cents per share and headline earnings per share are expected to be between 71% and 91% higher than the 164.6 cents per share ...
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February 01, 2008
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South African companies are now allowed to trade on the underlying exchange rate with the new currency futures (CFs) dispensation that came into being with the 2008 budget. This offers those in the import and export arena a safety net while giving all companies another potentially lucrative investment option. In the past, financial instruments used to hedge against currency ...
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January 21, 2008
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In just over a month, the value of Currency Futures traded on Yield-X has doubled reaching the R2 billion mark.
“On December 13th last year, we announced that Yield-X had traded a total of 149 000 Dollar/Rand currency future contracts to the value of R1 billion since the launch on the 18th of June,” says Warren Geers, GM, Trading Division ...
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January 01, 2008
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JOHANNESBURG, 29 JANUARY 2008. - The JSE reported a 217% increase in the volume of derivatives traded on the bourse from 103, 2 mil in 2006 to 327,3 mil in 2007. This takes account of all derivatives including Index Futures, Index Options, Single Stock Futures, Single Stock Options, and Dividend Futures. Trade in all financial derivative instruments on the ...
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November 27, 2007
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27 NOVEMBER 2007- The JSE’s Socially Responsible Investment (SRI) Index, which assesses the environmental, social and economic sustainability practices and corporate governance of listed companies, today announced the constituents of the 2007 SRI Index.
Now in its fourth year, the SRI Index conducted the review of constituents after a strategic development process which included extensive consultations with various stakeholders, including ...
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November 17, 2007
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Notice is hereby given that a special dividend of 90.75 cents per JSE share has been declared by the Board, which is payable from retained earnings.
In accordance with the requirements of Strate, the electronic settlement and custody system used by the JSE, and the JSE listings Requirements, the following salient dates for the payment of the special dividend are ...
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October 25, 2007
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The JSE has been considering the best way to take a stronger leadership role in the implementation of its efforts to build "next generation" systems. Against this background, the JSE and Accenture South Africa (Pty) Limited ("Accenture") have agreed the following: The JSE will strengthen its internal IT capability by bringing in-house all its IT Operations and Services with effect ...
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October 16, 2007
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JOHANNESBURG, 16 OCTOBER 2007. From today, traders will be able to trade Futures and Options on the FTSE/JSE AltX 15 Index.
“This is the first tradable instrument on the AltX 15 index and is a great way to gain exposure to AltX companies,” says Allan Thomson, Director of Trading at the JSE. The initial margin on these Futures and Options ...
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October 01, 2007
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JOHANNESBURG, 1 OCTOBER – Tomorrow, the 2nd October 2007, Currency futures contracts on the Euro/Rand and Sterling/Rand will start trading on Yield-X, the JSE's interest rate exchange.
This follows the successful launch of the Dollar/Rand Currency Futures in June this year. Currency futures were developed by the JSE and two market makers, Standard Bank and Investec, in direct response to ...
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October 01, 2007
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JOHANNESBURG, 1 OCTOBER 2007. - Global index provider, FTSE Group (FTSE), and the JSE, Africa's premier exchange, today launched a new fundamentally weighted index, entitled FTSE/JSE RAFI 40, which will extend the FTSE/JSE Africa index range and create new investment opportunities. FTSE holds the exclusive rights to calculate and license the FTSE RAFI Index Series and is working in ...
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May 04, 2006
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The JSE Securities Exchange South Africa today announced the names of the constituents of the JSE’s first Socially Responsible Investment Index (“SRI Index”). Calculation of the Index will commence tomorrow. JSE Deputy CEO, Nicky Newton-King said: “The last few years have seen an increasing awareness of and need to measure sustainable business practices. In South Africa, in particular, the Second ...
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April 25, 2006
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“The continued presence of 45 companies who have successfully met the criteria of the Socially Responsible Investment (SRI) Index since its inception 3 years ago, suggests that sustainability and public reporting on sustainability issues is becoming part of “doing business as usual” for many listed entities,” says Nicky Newton-King, Deputy CEO of the JSE announcing the constituents of the 2006 ...
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May 19, 2005
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“This year, it was a bigger challenge for companies to make it onto the Socially Responsible Investment (SRI) Index because the criteria which they were measured against, were more demanding than the previous year,” says Nicky Newton-King, deputy CEO of the JSE Securities Exchange, at the presentation to announce the constituents of the 2005 SRI Index.
“We have said that ...
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October 02, 2002
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FTSE Group and the JSE today reveal the draft Philosophy and Criteria for the proposed Socially Responsible Investment Index (“SRI Index”) which is set to join the new FTSE/JSE Africa Index Series. JSE Director of New Business and General Counsel, Nicky Newton-King said: “A growing commitment is emerging amongst companies to principles of corporate social responsibility. In South Africa, in ...
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September 17, 2002
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At its meeting on 11 September 2002, the FTSE/JSE Advisory Committee considered a detailed proposal for the establishment of a benchmark index for the retirement fund industry. The proposal, which suggested the down weighting of foreign holdings of shares in the FTSE/JSE All Share Index, was accepted subject to minor changes. In addition, the Committee agreed to the establishment of ...
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June 13, 2002
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Many funds in South Africa are today constructed on a low resource basis and use various proprietary indices as their benchmark. Following the success of the FTSE/JSE Africa Index Series which go live on 24 June, market participants have asked the FTSE Group and the JSE to consider establishing a suitable independent and transparent benchmark index for such funds as ...
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